"The rise in international cartels is a serious matter in the global economy," [Fels] said. "Free trade paradoxically has given rise to cartel behaviour which has required regulatory action. "When you deregulate markets, people are very aware that the way to make money is to create some restriction."
No doubt about it, Fels will be missed. The Australian people will have lost a great advocate. Let's hope that his successor's not a total corporate simp. (via Rocknerd)
Please keep comments on topic and to the point. Inappropriate comments may be deleted.
Note that markup is stripped from comments; URLs will be automatically converted into links.